If the Tax on a Good Is Tripled,the Deadweight Loss

question 49

Multiple Choice

If the tax on a good is tripled,the deadweight loss of the tax

• A)remains constant.
• B)triples.
• C)increases by a factor of 9.
• D)increases by a factor of 12.

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Definitions:

Modifying Existing Ideas

The process of taking established concepts and making adjustments or adaptations to create new value or solutions.

Development Strategies

Actions that involve enhancing and modifying existing ideas in order to create better alternatives and new possibilities.

New Possibilities

Unexplored opportunities or prospects that offer potential for innovation or improvement.

Pattern Recognition

The identification of regularities, patterns, or repeating sequences in data, often using it to make predictions or informed decisions.